#ILOVE$TRUMP The TRUMP token jumped 12% after the US president called it 'the greatest of all'

Donald Trump's post on Truth Social sends the presidential meme coin soaring.

What you need to know:

Donald Trump's presidential meme coin has become the most profitable digital asset, increasing by 12% after Trump's post on Truth Social, and is currently trading at $11.91.

The $TRUMP token has experienced significant volatility since its debut in January, including a 75% decline, and faced political backlash from House Democrats.

House Democrats led by REP Sam Liccardo introduced the Meme Act to prevent federal officials and their families from profiting from meme coins, while the Securities and Exchange Commission (SEC) stated that meme coins are not securities and are therefore not under its jurisdiction.